Integrated Wealth Concepts LLC grew its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR – Free Report) by 2.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,721 shares of the semiconductor company’s stock after buying an additional 49 shares during the period. Integrated Wealth Concepts LLC’s holdings in Monolithic Power Systems were worth $998,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Beverly Hills Private Wealth LLC raised its position in shares of Monolithic Power Systems by 3.2% during the first quarter. Beverly Hills Private Wealth LLC now owns 638 shares of the semiconductor company’s stock valued at $370,000 after buying an additional 20 shares during the last quarter. Cromwell Holdings LLC raised its position in shares of Monolithic Power Systems by 18.7% during the first quarter. Cromwell Holdings LLC now owns 127 shares of the semiconductor company’s stock valued at $74,000 after buying an additional 20 shares during the last quarter. Burney Co. raised its position in shares of Monolithic Power Systems by 2.2% during the first quarter. Burney Co. now owns 946 shares of the semiconductor company’s stock valued at $549,000 after buying an additional 20 shares during the last quarter. Horizon Investments LLC raised its position in shares of Monolithic Power Systems by 3.3% during the first quarter. Horizon Investments LLC now owns 688 shares of the semiconductor company’s stock valued at $399,000 after buying an additional 22 shares during the last quarter. Finally, Kestra Private Wealth Services LLC raised its position in shares of Monolithic Power Systems by 2.9% during the first quarter. Kestra Private Wealth Services LLC now owns 897 shares of the semiconductor company’s stock valued at $520,000 after buying an additional 25 shares during the last quarter. Institutional investors own 93.46% of the company’s stock.
Monolithic Power Systems Stock Performance
Shares of MPWR opened at $840.38 on Friday. The company’s fifty day moving average is $792.68 and its 200 day moving average is $685.57. Monolithic Power Systems, Inc. has a fifty-two week low of $438.86 and a fifty-two week high of $954.00. The stock has a market capitalization of $40.25 billion, a PE ratio of 21.88, a P/E/G ratio of 3.19 and a beta of 1.23.
Monolithic Power Systems Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be paid a dividend of $1.56 per share. This represents a $6.24 annualized dividend and a yield of 0.7%. Monolithic Power Systems’s payout ratio is 16.25%.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently issued reports on the stock. Stifel Nicolaus lifted their price objective on shares of Monolithic Power Systems from $880.00 to $930.00 and gave the company a “buy” rating in a research report on Friday, August 1st. Needham & Company LLC lifted their price objective on shares of Monolithic Power Systems from $800.00 to $820.00 and gave the company a “buy” rating in a research report on Friday, August 1st. William Blair upgraded shares of Monolithic Power Systems to a “strong-buy” rating in a research report on Wednesday, August 13th. Oppenheimer restated an “outperform” rating and issued a $800.00 price target (up previously from $700.00) on shares of Monolithic Power Systems in a research report on Tuesday, July 15th. Finally, Wells Fargo & Company boosted their price target on shares of Monolithic Power Systems from $730.00 to $750.00 and gave the stock an “equal weight” rating in a research report on Friday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Monolithic Power Systems has a consensus rating of “Moderate Buy” and a consensus target price of $838.09.
View Our Latest Analysis on Monolithic Power Systems
Insiders Place Their Bets
In other Monolithic Power Systems news, Director Jeff Zhou sold 400 shares of Monolithic Power Systems stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $850.00, for a total transaction of $340,000.00. Following the completion of the transaction, the director directly owned 5,804 shares of the company’s stock, valued at $4,933,400. The trade was a 6.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Theodore Blegen sold 6,000 shares of Monolithic Power Systems stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $750.00, for a total transaction of $4,500,000.00. Following the transaction, the chief financial officer directly owned 46,939 shares of the company’s stock, valued at $35,204,250. The trade was a 11.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 52,792 shares of company stock valued at $41,066,150 over the last three months. 3.40% of the stock is owned by company insiders.
Monolithic Power Systems Profile
Monolithic Power Systems, Inc engages in the design, development, marketing, and sale of semiconductor-based power electronics solutions for the storage and computing, automotive, enterprise data, consumer, communications, and industrial markets. The company provides direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as cloud-based CPU servers, server artificial intelligence applications, storage applications, commercial notebooks, digital cockpit, power sources, home appliances, 4G and 5G infrastructure, and satellite communications applications.
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